If you're a Mega Millions ticket holder, then you should be gearing up for the Tuesday, Dec. 3 drawing for the lottery jackpot, which currently stands at a whopping $257 million.

The jackpot winner will have a choice of how they would like to be paid. They could choose the "Cash Option" and receive a one-time, lump sum payment of $139 million, or they can choose the "Annual Payout" option, which provides annual payments over a 26-year period, according to the Mega Millions website.

The overall odds of winning any prize are about 1 in 40, but the odds of winning the jackpot are about 1 in 176 million.

Mega Millions drawings take place every Tuesday and Friday after the draw entry closes at 10:45 p.m. EST. Tickets are sold in 42 states plus the District of Columbia and the U.S. Virgin Islands. The winning numbers are drawn at WSB-TV in Atlanta, Ga.

The Mega Millions winning numbers from the Nov. 29 drawing were 9, 41, 43, 47, 57 and the Mega Ball number was 5. There was no winner for the $230 million jackpot but five people won the $1 million prize amount. There were also 44 Match 4 + 1 winners who walked away with $5,000. Each $5,000 lottery winner matched four out of five white Mega Millions winning numbers, and the gold Mega Ball number.

For a national, interactive map of where tickets may be purchased, head over to the Mega Millions Where to Play page.

You can also watch a live stream of the lottery drawings at 11 p.m. EST below: